The government has developed a system of increasing pensions

The government is prepared to annually index the pensions of unemployed Russians. This was stated by Deputy Prime Minister Tatiana Golikova, quoted by TASS. The increase in pensions is planned to be produced annually from 1 January.

“The government’s budget policy allows to guarantee the fulfillment of all social obligations of the state, regardless of external economic and political environment as well as the growth or decline of world energy prices”, — said Golikova.

According to her, the Pension Fund budget is planned taking into account the forthcoming increase in retirement age: “All the released funds as a result of increasing the retirement age will be directed to the indexation of pension payments in full and even with some touching those additional revenues that result from growth of the wage Fund in connection with the macroeconomic forecast.”

Regulations on the procedure of indexation will be contained in amendments that will prepare for the second reading of the bill to raise the retirement age. According to the plans of the Pension Fund, the increase will amount to 7.05 per cent in 2019, 6.6% in 2020 and 6.3% in 2021-m Now indexing occurs in two stages: from 1 February the rate of inflation and from April 1 — based on the capabilities of the Pension Fund.

According Golikova, the average pension in 2019 will be equal to 15.4 thousand rubles. By 2024, its size will increase to 20 thousand rubles.

About raising the retirement age, Prime Minister Dmitry Medvedev announced on June 14. The reform will be carried out in several stages, as a result, by 2034, the age of retirement will be 65 years for men and 63 in women.

On 19 July the bill passed its first reading in the state Duma. At the same time in the lower house of Parliament launched a broad discussion of pension reform with the aim of preparing the amendments for the second reading.

July 20, President Vladimir Putin said that a final decision on the question of the reform of the pension system yet. The head of state assured that the money for pensions in the budget, and thus the law can not be changed the next ten years. Thus, according to him, without changes, the pension system in the future may “burst”.